Sunday, May 4, 2014

Mining and Oil Index - May 4, 2014

Technical View
Daily Chart
> Mining and Oil Index found resistance at 224.0% Fibonacci Extension. Further resistance is seen at 16357 or the 261.8% Fibonacci Extension and Median Line of Andrew's Pitchfork.
> Support is at 15846.80 or the 200% Fibonacci Extension.
> RSI is currently at 71.96 (Based on 30-Day Period). RSI is already on Overbought Level.


















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